Steve Wozniak: "I think we've seen massive value creation" in Bitcoin

27 Feb, 2019 | Updated: 27 Feb, 2019
by Richard Allen
Steve Wozniak: I think we've seen massive value creation in Bitcoin

Apple co-founder Steve Wozniak recently sat down with Bloomberg to discuss the future Bitcoin and cryptocurrencies.

In an interview with Bloomberg’s Yousef Gamal El-Din, Steve Wozniak is asked how the massive value destruction seen in Bitcoin has affected his outlook on the cryptocurrency. Wozniak rejects the premise, saying, “I don’t think I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.

“Psychology will often drive stock market dips, like ‘oh my gosh, gotta get out now!’ The psychology factor is kind of a fear thing. And there was this idea that Bitcoin might go up to $40,000 and it went up to $20,000”

Wozniak states that he has bought Bitcoin in the past, but never as an investor. “I only had Bitcoin to experiment with and buy and sell things around the world, how to travel and find restaurants that would accept Bitcoin. That sort of thing.”

Read more: Apple co-founder Steve Wozniak reveals he sold his BTC when it hit $20,000 peak

He goes on to explain that, when the price of Bitcoin skyrocketed, he sold out not wanting to be one of those people who constantly watching the price of Bitcoin. However, he states that “I still experiment with it on new Bitcoin devices.”

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